fr

English

Español

Português

Français

Deutsch

Italiano

Русский

中文(简体)

한국어

日本語

Tiếng Việt

עברית

العربية

Populaire Word Problems >

How much would you need to deposit in an account now in ordonner to have 6000 in the account in 15 years? Assume the account earns 3% interest compounded monthly.

Solution

Ho w m u c h w o u l d yo u n ee d t o d e p os i t in an a cco u n t n o w in or d er t o ha v e 6000 in t h e a cco u n t in 15 ye a rs ? A ss u m e t h e a cco u n t e a r n s 3% in t eres t co m p o u n d e d m o n t h l y .

Solution

Principal : 3827.92

étapes des solutions

Translate the problem into an equation:

6000 = P (1 + \frac{0.03}{12})^{12 \cdot 15}

Solutionner pour

P, 6000 = P (1 + \frac{0.03}{12})^{12 \cdot 15} : P = 3827.92

Principal : 3827.92

Exemples populaires

Six times a number decreased by ten is eight. Find the number.Find two consecutive whole numbers that sqrt(8) lies between.The sum of three consecutive integers is 216 . Find the integers.The area of a circle is 64pi in². What is the circonférence, in inches? Express your answer in terms of pipi.You deposit 10000 in an account earning .45% interest compounded monthly. How much will you have in the account in 1 years?